China Mineral Resources Group, the state-backed trading arm, has warned that iron ore prices are drifting away from real market fundamentals as intensified speculative activity pushes prices higher at a pace that does not reflect actual supply and demand conditions. In a report issued by its research unit — published on the WeChat account of […]
Chinese Iron Ore Trade: Prices Climb Unjustifiably Due to Speculation Read More »
According to statistics from the General Administration of Customs of China, China’s steel exports reached 9.98 million tons in November, a 2.0% increase from the previous month. The cumulative exports from January to November amounted to about 107.7 million tons, up by 6.7% year on year. In terms of raw materials, imports of iron ore
China’s steel exports near 10 million tons in November Read More »
Iron ore futures prices fell during Tuesday’s trading, following the shipment of the first batch of production from the Simandou project in Guinea, which strengthened expectations of increased supply at a time when demand in China—the world’s largest consumer—is expected to weaken. The most actively traded iron ore contract for May 2026 delivery on the
Iron Ore Prices Decline Amid Growing Expectations of Ample Supply Read More »
Turkey’s imports of billet reached 398,715 tons in October, marking an increase of 15.5% compared to September, but a decline of 36.6% year-on-year, according to preliminary data from the Turkish Statistical Institute (TUIK). During the same month, the total value of these imports amounted to USD 195.90 million, up by 13.0% from the previous month
Turkey’s Billet Imports Rise by 31.1% in January–October 2025 Read More »
The head of the World Steel Association has stated that addressing China’s chronic overcapacity problem will not be achieved quickly, given the deep links between the steel industry and the broader Chinese economy. Edwin Basson, Director General of the association, told Bloomberg that “shutting down just one steel plant can have far-reaching effects on the
World Steel Association : No Quick Fix for China’s Excess Production Read More »
Europe’s steel sector, which has struggled through weak demand, high energy costs and a surge of low-priced imports, is expected to move into a more stable phase by 2026. According to analysts, a combination of proposed EU trade measures and gradual price improvement is likely to lift utilisation rates and support earnings across major European
European Steel Industry Poised for Recovery in 2026 Read More »
Reducing emissions from Japan’s steel industry is a central pillar of the country’s strategy to achieve carbon neutrality by 2050. The sector alone accounts for around 13% of national emissions due to its heavy reliance on coal for smelting and reduction processes. As global competition intensifies, cutting emissions has become a key benchmark for preserving
Decarbonizing Japan’s Steel Industry Pathways Read More »
Brazilian mining giant Vale, one of the world’s leading iron ore suppliers, has lowered its production outlook for 2026 amid weakening global demand and the arrival of new supply from Africa. The company stated, ahead of its Investor Day event in London, that it now targets production of 335–345 million tonnes of iron ore in
Vale Cuts 2026 Iron Ore Production Forecast Amid Global Demand Slowdown Read More »
U.S. Steel has announced the initiation of procedures to restart one of its two idle blast furnaces in the state of Illinois, in a move that reflects an anticipated rise in industrial demand and a direct response to customer needs. The company stated that the decision comes as part of its normal operational planning for
Restarting U.S. Steel Blast Furnaces After Two-Year Shutdown Read More »
The China Iron and Steel Association has urged domestic iron ore producers to accelerate the implementation of key projects, as the world’s largest consumer of the ore faces a challenge due to its reliance on imported supplies from major producers such as BHP. Vice President Xia Nong said in a statement issued Monday evening that
China is pushing to accelerate domestic iron ore projects in pursuit of independence Read More »
Canadian Prime Minister Mark Carney announced that the government will provide additional support to the steel sector to help it cope with US tariffs, in addition to working to strengthen the domestic market for these industries. Carney explained that Ottawa will reduce steel import quotas from countries that do not have free trade agreements with
Canada supports its steel sector in the face of US tariffs Read More »
The European Union rejected a US request to ease its strict digital regulations in exchange for a reduction in US tariffs on steel and aluminum. The rejection came after US Commerce Secretary Howard Lutenick directly linked the EU’s digital regulations to the 50% tariffs on European metal imports. The European Commission has asserted that its
The European Union refuses to relax digital rules in exchange for lower US steel tariffs Read More »
Iron ore futures jumped to their highest level in three weeks after data showed a decline in shipments from the world’s largest producers of the raw material used in steelmaking. Iron ore was trading at around $106 per ton in Singapore on Tuesday. Shipments from Australia and Brazil fell by 2.7 million tons last week
Iron prices rise to a three-week high as global exports decline Read More »
ArcelorMittal continues to call for the urgent introduction of the new tariff quota announced by the European Commission in October 2025. The proposal is a crucial measure that is vital for the survival of the steel industry in Europe, and the long-term security of the manufacturing sector. Steel imports into the EU continue at record
Global steel markets recorded mixed price movements during the fourth week of November 2025, with increases in some products, declines in others, and stability in several categories, according to data obtained by the Arab Iron and Steel Union. Prices for imported 80:20 scrap to Turkey continued their upward trend, rising by one dollar to reach
Steel prices in the fourth week of November 2025 Read More »
Leading Chinese steel producer Hebei Jinxi Iron and Steel Group has placed an order with Primetals Technologies for two continuous slab casters, each with a capacity of 2.5 million tons per year. The order also includes an extensive digitalization package with Level 1 and Level 2 automation systems, ensuring state-of-the-art process control and optimization. The
Informed sources said that European Union officials are increasingly concerned about U.S. plans to broaden the list of EU products subject to high tariffs on steel and aluminum imports—an action that could undermine the spirit of the trade agreement the two sides signed earlier this summer. According to Bloomberg, EU Trade Commissioner Maroš Šefčovič and
EU Warns the United States Against Expanding Steel Tariffs Read More »
The UK government is preparing a package of retaliatory measures to counter the European Union’s proposed increases in tariffs on steel imports, should efforts to reach an agreement that mitigates their impact fail. According to sources cited by Bloomberg, London is considering escalating actions after domestic manufacturers warned that the EU’s plans could trigger the
UK Mulls Options to Retaliate Against European Steel Tariffs Read More »
Australia’s Anti-Dumping Commission has announced the results of its review of the anti-dumping duties imposed on rebar imports from South Korea and Spain, which were scheduled to expire on November 19, 2025, according to SteelOrbis. The review was initiated following an application submitted by the local producer InfraBuild, and it covered the period from October
Australia Continues to Impose AD Duties on Rebar Imports from South Korea and Spain Read More »
Turkey’s steel exports rose during the period from January to October 2025 to reach 16.04 million tons, an increase of 9.5% compared to the same period in 2024, according to data from the Steel Exporters Association. Rebar topped the sector’s export list with a total of 3.27 million tons, recording annual growth of 18.1%. Hot-rolled
Turkey Exports More Than 16 Million Tons of Steel in January–October Read More »
China’s economy experienced further slowdown in October, weighed down by weakening consumer demand and the ongoing real estate crisis, in addition to the impact of the long national holiday that affected industrial production. Data from the National Bureau of Statistics showed that fixed-asset investment — including the property sector — fell by 1.7% in the
China’s Economy Slows in October Amid Weak Demand and Deepening Property Crisis Read More »
China recorded a significant decline in the production of pig iron, crude steel, and finished steel products in October, with output reaching 65.55 million mt, 72 million mt, and 118.64 million mt respectively. These decreases represent year-on-year drops of 7.9%, 12.1%, and 0.9%, in addition to month-on-month declines ranging between 0.76% and 4.5%, according to
China’s crude steel output drops to lowest level in October at 72 million mt Read More »
The UK High Court has ruled that BHP is liable for the collapse of a tailings dam at an iron ore mine in Brazil in 2015, an incident that killed 19 people, destroyed entire villages, and polluted hundreds of kilometers of rivers. The ruling opens the door to compensation claims that could exceed $47 billion,
UK Court: Australia’s BHP Found Liable for Brazil Mine Disaster Read More »
India has imposed a five-year antidumping (AD) duty on HRC imported from Vietnam, a government notification said on Thursday, November 14. The AD levy of $121.55/mt on imports of hot-rolled flat steel products from Vietnam for five years is aimed at protecting domestic manufacturers from cheap imports, the notification said. The imposition of the duty
India imposes AD duty on HRC imports from Vietnam Read More »
The global steel market recorded mixed price movements during the third week of November 2025, with slight increases in some raw materials, stability in several finished products, and notable declines in others. These fluctuations come amid ongoing shifts in supply and demand across different regions. Prices of Turkish scrap (CFR) saw a slight increase of
Steel prices in the third week of November 2025 Read More »
Ukraine’s steel exports saw a notable decline in the first ten months of 2025, falling by 9.9% to 3.68 million tons, according to data released by the Ukrainian Steel Association. Total steel production in the same period reached 5.38 million tons, compared to 5.26 million tons in the previous year, while the local market consumed
Ukraine’s Steel Exports Drop by 9.9% in January – October 2025 Read More »
Turkey’s exports of HRC recorded a notable increase in September 2025, reaching 299,765 mt, up 14.1% compared to August and 32.6% year-on-year, according to preliminary data from the Turkish Statistical Institute (TUIK). The total export value for the month amounted to $167.48 million, marking an 18.5% rise from the previous month and a 13.5% increase
Turkey’s HRC Exports Rise 24.7% in January–September 2025 Read More »
India became a net exporter of finished steel in October, with exports reaching 0.6 million tons, an increase of 44.7% compared to the same period last year, according to preliminary government data reviewed by Reuters. India, the world’s second-largest producer of crude steel, imported 0.5 million tons of finished steel products in October — a
India Becomes a Net Exporter of Steel in October Read More »
Chinese steelmakers continue to flood global markets with record export volumes, driven by strong demand from Southeast Asia and expanding new markets in the Middle East, despite escalating global protectionism. Saudi Arabia has emerged as a key new destination in 2025, with imports of Chinese steel rising 41% during the first nine months of the
China’s Steel Exports Shift Toward the Middle East Amid Rising Trade Restrictions Read More »
In September 2025, Turkey exported approximately 91,299 tons of wire rods, marking an increase of 112.2% compared to August, but a decline of 23.7% year-on-year. The export value for the same month reached $50.77 million, up 108.1% from the previous month, yet down 29.1% compared to the same period last year. During the first nine
Turkey’s exports of wire rods fell by 2.8% in January – September 2025 Read More »